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Tesla grants Elon Musk 96 million shares worth $29 billion after court voids his old deal.
Tesla has granted CEO Elon Musk 96 million shares valued at about $29 billion, following a Delaware court’s voiding of his 2018 compensation package. This new award aims to retain Musk and align with Tesla’s shift towards AI and robotics. Musk is appealing the court's decision, while Tesla’s stock has declined by about 25% this year due to sales drops and increased competition.
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